FBR officers to be posted at business premises to enhance tax monitoring
PM pushes for reforms and stricter enforcement to curb tax evasion and illicit cigarette trade
Govt to set Rs14.3 trillion revenue target for FY25-26, with Rs500 billion in new taxes
Finance Minister Aurangzeb to present budget proposals as IMF review of fiscal goals approaches
Salaried class pays record Rs391 billion in taxes, contributing 1,420% more than traders
Salaried individuals pay nearly 10% of total income tax collected in nine months; retailers contribute Rs26 billion, while non-corporate and corporate sectors pay Rs166 billion and Rs117 billion respectively
World Bank recommends higher taxes on wealthiest groups in Pakistan
Report suggests broadening the income tax base, cutting exemptions for high earners, and addressing tariff imbalances to strengthen fiscal policy
Balochistan High Court rules agricultural income tax falls under provincial jurisdiction
Top court’s decision strengthens provincial authority over agricultural taxation, limiting FBR's role
Govt considers raising taxable income threshold, taxing high pensions
FBR sources indicate relief proposals for salaried class are under review; pensions above Rs800,000 annually could face 5% tax
Appellate Tribunal Inland Revenue exempts foreign assets from capital value tax
ATIR Lahore annuls Rs37.38 million CVT demand, ruling FADRA takes precedence over CVT Act 2022 for foreign assets
Finance ministry moves to establish Tax Policy Office, advertises six key positions
Director General and Directors for Economic Analysis, Business Taxation, Personal Taxation, International Taxation, and Direct/Indirect Taxation sought for new Tax Policy Office
Salaried class pays Rs331bn in taxes, 1,350% higher than retail sector
Retailers contributed only Rs23 billion as Tajir Dost scheme failed to meet targets, collecting just a fraction of its expected Rs50 billion; Govt fails to seek relief from IMF for salaried individualsÂ
Top-listed companies contribute Rs1.22 trillion in direct taxes in 2024
Auto assemblers lead with a 62% rise in tax contributions, followed by fertilisers at 19%, investment banks at 15%, commercial banks at 12%, textiles at 10%, and cement at 9%
Excise Dept takes over professional, luxury tax collection in Rawalpindi, Chaklala Cantts
10,000 shopkeepers, 312 luxury homeowners issued tax notices; deadline set before Eid
IMF considers lowering FBR’s tax collection target amid revenue shortfall: report
Any downward revision will depend on Finance Ministry’s ability to cut expenditures and ensure Rs1.2 trillion primary budget surplus; Fund also seeks projections for power sector’s circular debt in 2025-26
SC committee proposes Alternative Dispute Resolution mechanism to resolve tax-related casesÂ
Recommendations aim to ease judicial backlog and ensure swift revenue recoveryÂ
Tax shortfall reaches Rs606 billion in eight months despite 28% revenue growth
FBR collects Rs7.34 trillion against Rs7.95 trillion IMF target; income tax exceeds goal, but sales tax falls short by Rs579 billion
KPRA moves towards automation with PRAL’s online tax system
The system will support sustainable revenue growth by enabling data-driven decision-making and reducing tax collection risks